We assign a technical rating of 1 out of 10 to ABTC. ABTC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ABTC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
1.79
We found 1 important support area.
- A support zone ranging from 1.81 to 1.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- Resistance @2.03 from a horizontal line in the daily time frame.
- Resistance @2.65 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ABTC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABTC is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | ABTC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABTC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABTC is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 36.88 | NEUTRAL | The RSI value for ABTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ABTC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.47 | NEUTRAL | The Stochastics value for ABTC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.47 | HIGH VOLATILITY | The high ATR as a percentage value for ABTC suggests high volalility. |
| Average Directional Index/ADX (14) | 40.01 | POSITIVE | The high ADX value value for ABTC suggests a strong trend. |
1.87
+0.05 (+2.75%)
AMERICAN BITCOIN CORP-A / ABTC FAQ
Can you provide the ChartMill technical rating for AMERICAN BITCOIN CORP-A?
ChartMill assigns a technical rating of 1 / 10 to ABTC.
What is the trend direction for ABTC stock?
The current trend direction for AMERICAN BITCOIN CORP-A (ABTC) is Bearish.
Can you provide the RSI signal for AMERICAN BITCOIN CORP-A?
AMERICAN BITCOIN CORP-A (ABTC) has an RSI value of 36.8773. This indicates that the stock is currently neutral.
What is the MACD signal for AMERICAN BITCOIN CORP-A (ABTC) stock?
The MACD indicator for AMERICAN BITCOIN CORP-A (ABTC) has a value of 0.106196, indicating a bearish trend.
What is the support and resistance level for ABTC stock?
AMERICAN BITCOIN CORP-A (ABTC) has a support level at 1.81 and a resistance level at 2.03. Check the full technical report for our detailed analysis of ABTC support and resistance levels.